By unloading the distributed power business, GE is effectively undoing two deals made by former CEO Jeff Immelt, whose tenure has been heavily criticized by analysts.

GE acquired Austria-based Jenbacher, which has roots as far back as the 15th century, under Immelt in 2003. And Immelt brought Waukesha into the GE family in 2011 when he completed the $3 billion purchase of Dresser, a Dallas oil and gas equipment maker.

Immelt declined to comment. A spokesperson for the former CEO previously told CNNMoney that while some deals turned GE businesses into “undisputed leaders in their industries,” a “handful” over the past two decades “did not perform as planned.”

GE’s cash crisis has forced new CEO John Flannery to accelerate the dismantling of the company that once owned a leading appliance maker, a film studio and NBC.

GE’s cash problems have deepened because of the struggles of its power division. Profit at GE Power has plunged in recent quarters as power plants switch from coal and natural gas to renewable energy. The division announced plans in December to cut 12,000 jobs.

The distributed power business that GE is selling has about 3,000 employees and generated $1.3 billion in sales last year.

While the sale signals a retreat from parts of the power business, GE Power CEO Russell Stokes said in a statement that the company will “continue to invest in developing the energy technologies of the future and improving the power networks we depend on today.”

One of the major brands GE is saying goodbye to is Waukesha, which has been in the political spotlight in recent years. In 2014, then-President BarackObama toured GE’s Waukesha, Wisconsin, gas engines plant to push for a minimum wage hike and enhanced job training.